RE:RE:RE:Why did silver go to 50 in 1980The "reset" is what will occur in order to replace the current monetary paradigm we have dealt with over the last 50 years. In 1971, Nixon severed the remaining link the populace had to the Constitutional (i.e. real) US dollar and we were left with fully fiat Federal Reserve Notes.
The problem with the FRN is that they have been inflated to the point where only 1% of the original value of the dollar remains - as I mentioned, the current system is on its last leg. So, what will happen during a reset? It all depends on whom controls the reset. If the privately-owned banking cartel known as the Federal Reserve Bank controls it they will merely swap out the current fiat for a digital form of it. Nothing will really change, other than humanity will continue the downard spiral of oppression at the hands of the few (i.e. global elites, deep state, etc.) as we suffer continued inflation, erosion of any and all privacy and total subjugation to the whims of the State.
If the people control the reset, we likely go back to Constitutional currency - gold/silver (probably in conjuction with a crypto, which will truly be a currency and not a capital asset as the IRS incorrectly labels it). In that case, the holders of FRNs will likely suffer a sizable loss as the FRNs are reset to the new USD.
You are correct that a lot of creditors will be upset. But, how is that my problem or your problem? If you take out a car loan at a local bank and sign a debt note, the banker can start to trade those notes on the secondary market, backed by the full faith and credit of the banking institution issuing the note. If you buy a banker's note and the bank goes belly up, what happens? Maybe you get pennies on the dollar in bankruptcy court - that is what happens!
Let's take this example to what occurs today: we the people use, as our currency, the bank note of the Federal Reserve Bank. What is a bank note? It is an obligation of the bank issuing the debt note. So, all the currency you have is actually an obligation of the Federal Reserve Bank. Now, do you think the FED has enough assets to back all the debt notes that have been created out of thin air? I believe that although the FED has assets, no way in a liquidation would all creditors be made 100% whole. Maybe 50%? Who knows, but whatever the amount is, those holding FRNs will take a hit during a reset.
Those holding gold and silver will benefit because the new USD will be based upon real money, not fraud as the FRNs are. I believe gold will topple the central bank and that the holders of real money will come out ahead while those clinging to the old paradigm will suffer a loss. What is good for gold will be very good for the gold shares. Sabina and others after a great reset will be realized to have been a spectacular investment while it was still cheap.